Round Hill Music Royalty Fund makes first acquisition as it explores further fundraising

Round Hill Fund One

David Brenchley
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The acquisition includes the rights to a number of songs by the Backstreet Boys. Photo: Starbright31/Flickr CC BY-NC-ND 2.0
Image:

The acquisition includes the rights to a number of songs by the Backstreet Boys. Photo: Starbright31/Flickr CC BY-NC-ND 2.0

The Round Hill Music Royalty Fund (RHM) has made its first acquisition since flotation, buying the Round Hill Fund One for $281.9m meaning 86% of the capital it has raised has now been invested.

RHM said it had purchased the fund in full, excluding its shareholding in RH Carlin Holdings, a separate portfolio of musical copyrights that it expects to account for its second acquisition no later than...

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